Jackson Creek Investment Advisors LLC Invests $1.30 Million in Waystar Holding Corp. (NASDAQ:WAY)

Jackson Creek Investment Advisors LLC bought a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,837 shares of the company's stock, valued at approximately $1,302,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Verdence Capital Advisors LLC purchased a new position in shares of Waystar during the 1st quarter valued at about $251,000. Victory Capital Management Inc. increased its stake in Waystar by 170.4% in the 1st quarter. Victory Capital Management Inc. now owns 178,024 shares of the company's stock worth $6,651,000 after acquiring an additional 112,179 shares during the last quarter. Dakota Wealth Management increased its stake in Waystar by 365.6% in the 1st quarter. Dakota Wealth Management now owns 33,511 shares of the company's stock worth $1,252,000 after acquiring an additional 26,313 shares during the last quarter. Arizona State Retirement System increased its position in shares of Waystar by 63.3% during the 1st quarter. Arizona State Retirement System now owns 19,728 shares of the company's stock valued at $737,000 after purchasing an additional 7,645 shares during the last quarter. Finally, Xponance Inc. bought a new position in shares of Waystar during the 1st quarter valued at approximately $221,000.

Waystar Trading Up 1.6%

Waystar stock traded up $0.58 during trading on Monday, reaching $37.28. 384,692 shares of the company were exchanged, compared to its average volume of 1,415,197. Waystar Holding Corp. has a 52-week low of $20.74 and a 52-week high of $48.11. The company has a market capitalization of $6.49 billion and a P/E ratio of 413.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.12 and a quick ratio of 3.12. The stock's 50 day simple moving average is $38.96 and its two-hundred day simple moving average is $38.93.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million for the quarter, compared to the consensus estimate of $248.47 million. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The company's quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on WAY shares. TD Cowen raised Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Barclays decreased their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group decreased their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Truist Financial increased their price target on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Mizuho began coverage on Waystar in a report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective on the stock. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Waystar currently has an average rating of "Buy" and an average price target of $42.31.

Insider Buying and Selling

In other news, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $37.39, for a total transaction of $153,723,638.23. Following the completion of the transaction, the insider directly owned 25,580,929 shares of the company's stock, valued at approximately $956,470,935.31. This represents a 13.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul G. Moskowitz sold 3,012,253 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $37.39, for a total value of $112,628,139.67. Following the transaction, the director directly owned 18,742,283 shares of the company's stock, valued at approximately $700,773,961.37. This represents a 13.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,684,024 shares of company stock valued at $325,377,374. Company insiders own 4.10% of the company's stock.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.